The IBD SmartSelect Composite Rating for Texas Pacific Land increased from 94 to 96 Thursday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Texas Pacific Land is currently extended beyond a proper buy zone after clearing the 633.07 entry in a cup with handle.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
One weak spot is the company's 73 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q4, the company posted 5% EPS growth. Revenue growth rose 11%, up from 10% in the prior report. That marks two quarters of rising growth.
Texas Pacific Land earns the No. 2 rank among its peers in the Oil & Gas-Royalty Trust industry group. Sabine Royalty Tr UBI is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
